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Transportation

Gig Economy Law California: Does AB5 Affect Trucking?

California’s Gig Law, AB 5, was passed in September to protect freelancers and “gig economy” workers. But has it cut them off from earning revenue—however unsteady—instead? The new gig economy law in California, formally called Assembly Bill 5, changes the standards for who’s considered an independent contractor. In doing so, it requires companies to provideRead More

7 Trucking Business Loan Types for Bad Credit

Your trucking company deals with a lot of expenses. Maintaining your fleet, fueling up for transportation, commercial insurance, replacing outdated equipment and making repairs all add up. And to complicate things, money from invoices doesn’t always come in soon enough to cover your bills.  If an emergency strikes, it could lead to a downward spiralRead More

How to Meet the Evolving Safety Standards in Transportation

Is your trucking company committed to meeting transportation safety standards? With ongoing changes in regulations coming down from the Federal Motor Carrier Safety Administration (FMCSA), compliance is more important than ever. Meeting these new standards doesn’t just keep you from getting in trouble with the law. Fatal crashes involving commercial vehicles increased 6% between 2015Read More

The Bittersweet Shipping Industry Outlook for 2019

Between the global trade war and unprecedented shifts in supply and demand, 2018 was a wild year for the US shipping industry. Such a volatile global shipping market begs the question: “What will 2019 bring?”  A Bittersweet Outlook Overall for 2019 Shipping Companies A quick glance shows a promising outlook for the shipping industry nextRead More

7 Fastest Ways to Lower Commercial Truck Insurance Rates

Despite what most insurance companies show you upfront on their websites, the truth is, the actual costs of commercial truck insurance rates are often hidden from view. There’s a million variables that affect interest rates for commercial trucks and equipment. Luckily, there’s also a ton of things you can do right now to lower interestRead More

Freight Factoring 101: Trade Slow Payments for Immediate Capital

Freight factoring is facing a surge in popularity among trucking and transportation companies across the US. Trucking business owners are sick of waiting for their invoices, so they started turning to freight factoring companies to turn their slow customer payments into immediate cash. With peak season in full swing, National Business Capital & Services hasRead More

7 Busted Myths About Invoice Factoring

Just saying the words ‘invoice factoring’ leaves a bad taste in the mouths of most business owners. There’s a few myths about invoice factoring that cloud the truth of it actually being one of the easiest, fastest ways to turn invoices into much-needed cash. To help, National’s Business Financing Advisors got to work busting theRead More

Top 3 Commercial Truck Financing Options

Commercial truck financing has been on the forefront of every transportation business owner’s mind recently. With the transportation industry growing faster than anticipated – about 3.5% each year – preparing for the increasing boom in business has never been more urgent. Use Business Trucking Loans for Any Purpose, for Any Industry With new commercial trucking business loansRead More

Commercial Vehicle Loans: 4 Frequently Asked Questions

Business owners from every industry are contacting National Business Capital & Services’ financing advisors with questions about the benefits of using commercial vehicle loans to finance their business goals.  Here’s the answers to the top 4 questions clients are asking National’s financing advisors about commercial vehicle financing: Q1:  What Qualifies as a Commercial Vehicle? AnyRead More

When is Purchase Order Financing Right for Your Business?

Here’s common scenario: a business receives a significant purchase order that would generate substantial profit. But the profit isn’t the only benefit to a large purchase order! It also deepens competitive advantage, boosts brand visibility, and creates a strong customer relationship that could lead to several more purchase orders down the road, along with highRead More

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